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timama [110]
3 years ago
8

a process cost system, the cost of completed production in Department A is transferred to Department B by which of the following

entries? a. debit Finished Goods—Dept. A; credit Work in Process—Dept. B b. debit Work in Process—Dept. B; credit Work in Process—Dept. A c. debit Work in Process—Dept. B; credit Finished Goods—Dept. A d. debit Work in Process—Dept. B; credit Cost of Goods Sold—Dept. A
Business
1 answer:
oee [108]3 years ago
4 0

Answer:

C. Debit Work in Process—Dept. B; credit Finished Goods—Dept. A

Explanation:

It is known that during continuous production, businesses find it difficult to isolate each individual unit and calculate a cost. Process costing systems accumulate the materials, labor and overhead costs for the period along with the total number of units produced. The total number of units produced includes both completed units and partially completed units. The company determines the percentage of completion for each partially completed unit and adds these amounts to the total number of completed units to determine the equivalent units.

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Economists define "programmed spending behavior" as being spending that is frequent and is done with relatively little thought.
Alexandra [31]

Answer: D) buying coffee in the morning

3 0
3 years ago
Read 2 more answers
Which of the following is true about finding the present value of cash flows? Finding the present value of cash flows in future
Neko [114]

Answer:

The correct answer is A: %70,154

Explanation:

Giving the following information:

True: Finding the present value of cash flows in future years tells you how much you would need to invest today so that it would grow to equal the given future amount.

What is the value today of a $158,000 cash flow expected to be received 12 years from now based on an annual interest rate of 7%?

We need to use the following formula:

PV= FV/(1+i)^n

FV= final value

i= interest rate

n= number of years

PV= 158000/(1.07^12)= $70,154

3 0
3 years ago
A company has a "bring your own device" (BYOD) policy for computers; anyone can just go out and buy whatever computer they want.
brilliants [131]

Answer:

<em>I can see there are no choices.</em>

Purchase or Lease Stage

Explanation:

The "Hardware Lifecycle" has several stages or phases. These are:<em> Plan, Purchase or Lease, Deploy & Install, Maintenance, Upgrade, Parts & Repair, Extend, Buyback or Trade In and Dispose or Recyle.</em>

The situation above is part of the<em> "Purchase or Lease Stage."</em> This stage <u>allows the person to buy the computer that they wanted.</u> When it comes to the IT hardware, the person can either "Buy" or "Lease." One may choose the second option if he is not yet ready to buy.

So, this explains the answer.

5 0
3 years ago
1. Visit a website for a company that sells products or services online. Then go to that company's
antoniya [11.8K]

Answer:

The company being examined here is Amazon.

Their corporate website is: aboutamazon.com/

while their product sales site is amazon.com

Explanation:

The various differences are:

1. the corporate is much easier on the eyes than the product sales website

2. the corporate website contains more information on the company and its corporate activities whilst the sales website is focused on the various categories of products available for sale by the company.

3. the sales website has e-commerce functionalities, the corporate does

Cheers

4 0
3 years ago
The following information was drawn from the Year 1 accounting records of Ozark Merchandisers: Inventory that had cost $15,000 w
finlep [7]

Answer: See explanation

Explanation:

a. Sales = $27000

Less: sales returned = -$660

Less: discount at 2% = ($27000 - $660) × 2% = -$526.8

Net sales = $25813.2

b. Net sales = $25813.2

Less: cost of goods sold = $15000 - $400 = -$14600

Gross profit = $11213.2

Operating expense:

Less: Selling and administrative expenses = -$2835

Operating income = $8378.2

Non-operating items:

Less: Interest expense = ($200

Add: Gain on land Sales = $900

Net Income= $9078.2

c. The interest expense be shown on the statement of cash flows in the operating expenses section. It'll be recorded in the operating activities.

d. The sale of the land would be under the investing activity as it's capital asset of the business. Therefore, the full sales price of the land, $9,250, would be shown as a cash inflow from investing activities on the statement of cash flows.

Option B is the correct answer.

4 0
3 years ago
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